NZD/USD breaks weekly PP

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Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs74%75%-1.4%
Shorts26%25%3.8%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuySellSell
Aggregate⇒⇘⇘

[ANNOUNCE]Since yesterday's trading session, the New Zealand Dollar has surged by 54 basis points or 0.86% in value against the US Dollar. The currency pair breached the monthly pivot point at 0.6312 on Thursday morning. [/ANNOUNCE]

Bullish momentum would likely continue to dominate the exchange rate within this session. The potential target for bullish traders will be at the upper boundary of a junior ascending channel pattern at 0.6360.

However, the currency exchange rate has to surpass the weekly R1 at 0.6338 before reaching the given target, as mentioned above.

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